Property Valuation
In Missouri, the appraisal process begins with defining the:
AComparable sales
BAppraisal problem (identifying the subject, the interest, the effective date, and the intended use)✓ Correct
CCap rate
DTax assessed value
Explanation
The first step in the appraisal process is defining the appraisal problem: identifying the property, property rights appraised, effective date, intended use, intended users, and applicable standards.
Related Missouri Property Valuation Questions
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